5:03 AM,
May 11, 2013

David Luecke of Capitol Homes gives a tour of a house he is building in Barnes Cove subdivision in Nashville.

Written by

Duane Marsteller
| The Tennessean

If you are looking to buy a new home in Middle Tennessee, prepare to dig even deeper into your pockets.

Surging materials costs and tightening labor supplies have pushed up new home prices by 5 to 10 percent so far this year, local homebuilders say. They add that prices could climb by up to another 10 percent as higher land prices kick in later this year.

"Everybody's raising prices on us and that, in turn, is going on to the consumers," said David Hughes, president of Citizens Homes Inc. "There's not a homebuilder in Nashville, Tenn., that's making enough profit that they can absorb (a) 5 percent ...